Joseph Mansueto Sells 316 Shares of Morningstar (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 316 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $211.99, for a total value of $66,988.84. Following the transaction, the chairman directly owned 8,602,101 shares in the company, valued at $1,823,559,390.99. The trade was a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Morningstar Stock Up 0.1%

NASDAQ MORN traded up $0.17 during mid-day trading on Wednesday, hitting $213.72. The company’s stock had a trading volume of 219,058 shares, compared to its average volume of 278,274. The company’s 50 day simple moving average is $220.85 and its 200 day simple moving average is $263.14. Morningstar, Inc. has a twelve month low of $202.89 and a twelve month high of $365.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 24.31 and a beta of 1.06.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.13. Morningstar had a net margin of 15.70% and a return on equity of 24.68%. The firm had revenue of $617.40 million for the quarter, compared to the consensus estimate of $603.29 million.

Analyst Ratings Changes

A number of research firms have issued reports on MORN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Morningstar in a research note on Thursday, November 20th. BMO Capital Markets set a $250.00 target price on Morningstar in a report on Thursday, October 30th. Finally, UBS Group cut their target price on Morningstar from $350.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $285.00.

Institutional Trading of Morningstar

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in Morningstar by 3.0% in the 2nd quarter. Nordea Investment Management AB now owns 60,181 shares of the business services provider’s stock worth $18,801,000 after buying an additional 1,755 shares during the period. Voya Investment Management LLC raised its holdings in Morningstar by 9.1% during the 1st quarter. Voya Investment Management LLC now owns 12,940 shares of the business services provider’s stock valued at $3,880,000 after acquiring an additional 1,081 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Morningstar by 90.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,425 shares of the business services provider’s stock worth $1,066,000 after acquiring an additional 1,623 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Morningstar in the second quarter worth $373,000. Finally, Signaturefd LLC boosted its holdings in shares of Morningstar by 14.5% in the second quarter. Signaturefd LLC now owns 410 shares of the business services provider’s stock worth $129,000 after acquiring an additional 52 shares during the period. 57.02% of the stock is currently owned by institutional investors.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.